FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume – Still a Buy?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGVGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 815,050 shares were traded during trading, an increase of 349% from the previous session’s volume of 181,544 shares.The stock last traded at $41.27 and had previously closed at $41.38.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The company has a 50 day simple moving average of $41.26 and a two-hundred day simple moving average of $40.91.

Institutional Trading of FlexShares High Yield Value-Scored Bond Index Fund

Several large investors have recently added to or reduced their stakes in HYGV. Horizon Bancorp Inc. IN grew its stake in FlexShares High Yield Value-Scored Bond Index Fund by 51.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock valued at $4,719,000 after purchasing an additional 38,387 shares during the last quarter. Keynote Financial Services LLC purchased a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the first quarter worth about $402,000. First United Bank & Trust boosted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 9.0% in the third quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock worth $2,609,000 after buying an additional 5,157 shares during the last quarter. Essex Savings Bank purchased a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth about $207,000. Finally, Clear Point Advisors Inc. boosted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 15.8% in the second quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock worth $619,000 after buying an additional 2,086 shares during the last quarter.

FlexShares High Yield Value-Scored Bond Index Fund Company Profile

(Get Free Report)

The FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity. HYGV was launched on Jul 17, 2018 and is managed by FlexShares.

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